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The Challenges of Fragmented Currencies: Exploring the Complexities of Gift Cards and Cryptocurrencies

January 22, 2024 by OK

In the world of cryptocurrency and blockchain interoperability, there is a lot of discussion about fragmented currencies and the need for security across multiple layers. One example of this is Ethereum (ETH), which provides security across various layers. Additionally, there are multiple …

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Why Bitcoin ETFs Are Gaining Massive Investor Interest Despite Critics

January 22, 2024 by OK

in return, could be a potential solution. Secondly, Bitcoin ETFs provide a regulated and accessible way for investors to gain exposure to the cryptocurrency market. While buying and holding actual Bitcoin can be complex and risky, ETFs offer a more familiar investment …

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High Taxes Drive Down Transaction Volume on Indonesian Crypto Exchanges

January 21, 2024 by OK

In 2023, Indonesia experienced a significant decline in transaction volume on its crypto exchanges, with a staggering 60% drop compared to the previous year. This decline has raised concerns within the industry, and local exchanges are pointing to high taxes as one …

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Bitcoin’s De-Dollarization Narrative Loses Ground as USD Tightens Its Grip on International Transactions

January 21, 2024 by OK

Bitcoin’s share in international transactions reached a ten-year high in 2023, according to a note from Credit Agricole to its clients. Despite calls for “de-dollarization” and concerns about the U.S. dollar’s role as the global reserve currency, the data shows that the …

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ARK Invest Purchases $15.9 Million Worth of Its Own Bitcoin ETF Shares

January 21, 2024 by OK

ARK Invest, the investment firm led by Cathie Wood, has purchased $15.9 million worth of shares in its own recently-listed spot bitcoin exchange-traded fund (ETF). The firm added 365,427 shares of the ARK 21Shares Bitcoin ETF (ARKB) to its Next Generation Internet …

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Altcoins Take the Spotlight as Bitcoin Remains Flat: Latest Crypto Market Update

January 21, 2024 by OK

Altcoins Take the Spotlight as Bitcoin Trades Flat After Spot ETF Debut Altcoins stole the show on Wednesday as bitcoin remained relatively stagnant following the recent launch of spot ETFs in the United States. Chainlink, the decentralized oracle network that connects blockchains, …

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The Dow for Crypto: CoinDesk Introduces the 20 Index to Underpin Futures Contracts at Bullish

January 20, 2024 by OK

Indices, a leading provider of financial market data and analytics, has introduced a new benchmark for the cryptocurrency market called the CoinDesk 20 Index. This index aims to serve as a broad measure of the overall performance of the cryptocurrency market, similar …

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Exploring the Growth and Challenges of Retail Central Bank Digital Currencies (CBDCs)

January 20, 2024 by OK

and deploy approach allows central banks to gather valuable data and feedback from real users, enabling them to make informed decisions about the design and implementation of a broader retail CBDC. This approach has several advantages. Firstly, it allows central banks to …

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JPMorgan CEO Jamie Dimon Criticizes Bitcoin Again, Advises Against Involvement

January 20, 2024 by OK

JPMorgan CEO Jamie Dimon has once again expressed his criticism of Bitcoin, advising people to stay away from the cryptocurrency. Speaking on CNBC from Davos, Dimon stated that the use cases for Bitcoin are primarily associated with illicit activities such as money …

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MetaMask Testing Transaction Routing Feature to Revolutionize Ethereum Wallets

January 20, 2024 by OK

routing feature, MetaMask aims to provide users with optimal execution and an improved user experience. The feature, built by Special Mechanisms Group (SMG), which was acquired by MetaMask’s parent company Consensys last year, will eventually be available to third parties. MetaMask, the …

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